Business Standard

Lalit Modi's asset sale claim: A battle brewing in late K K Modi's backyard

The business close to Samir's heart is 24Seven, which is part of GPI, and, according to Lalit, it too will be on the block

K K Modi

Surajeet Das Gupta New Delhi
While starting out on his new venture some years ago, Samir Modi made a call to 7-Eleven for a tie-up to set up the country’s first chain of convenience stores. But the US company, the largest globally in this business, was not willing to give him an exclusive franchisee for the country. Said Samir, the youngest son of K K Modi, in an interview a few months ago: “I am a builder of a new business, not a seller. We don’t build businesses to sell. So we decided to go on our own.” 

But the same view is not echoed clearly

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First Published: Jan 29 2020 | 12:55 AM IST

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